Therapy Areas: Devices
Saluda Medical signs debt financing with Medtronic
27 June 2019 -

Medical device company Saluda Medical Pty Limited reported on Wednesday the signing of a four-year term loan agreement with Medtronic.

Medtronic is a leading medical device manufacturer and founding innovator in spinal cord stimulation and is an existing shareholder of Saluda Medical.

Funds from the financing will be used by Saluda Medical for the continued development of its Evoke ECAP-Controlled, Closed-Loop Spinal Cord Stimulation (SCS) System for the treatment of chronic intractable pain of the trunk and limbs.

Additional terms of the loan agreement were not disclosed by the companies.